The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1887-01-30
LEFT HIS PROMISORY NOTE.
THE FLIGHT OF TREASURER SCHROE-
DER OF THa GERMANIA BANK.

The Latest of Local Banking Sensations.
Man Whom Nobody Suspected Clean
Ing cut the Ready Cash and Disap-
pearIng. The Cause Of His Embar-
rassments. The Latest Information.
The Germania Savings Bank on Newark
avenue, between Grove and Erie streets,
which closed its doors yesterday because
of the fight, with $4,000 of the banks
money, of Treasurer Schroeder, had /, 140
depositors. and something over $3.50. 1000 of
money in its vaults. Mr.. Schroeder had
been for many years the treasurer of the
institution. He was handsome German,
40 years of age, tall and shapely, blonde
not extravagantly or fashily but with re-
markedly good taste, smoked the best Sc
CARS and lived in handsome house, one
of two that lock very much alike, on Lin
den avenue Just west of Bergen avenue.
He has wife and two children, whom he
has left behind him ; but it is said that
he frequently met in the lower part
of the city the beautiful wife of
well known citizen, and spent much of
his time in her company. His salary at
the bank was 50, 900 per year. Out of this
he paid Mr.. Martin Hencken, his assistant,
salary. But he was also the agent for
the Hamburg line and other lines of
steamers. and for some insurance compa-
MES, and dabbled little in real estate.
Altogether his income is said to have
reached $4,000, or $4,000 per year.
Last Thursday he was at the bank,
and submitted his annual report to the
trustees, Massrs. Michael Lienau. August
Ingwersen, Henry Knoop, Theodore
Gubelman, !. d. Adelung, William
F. Schuman and DIR. Kristen. Louis
Lienau is President of the Bank. He
is now in Europe. The trustees referred
the report to the Finance Committee,
Messrs. Gubelman, Edwards and Kristen
and the Finance Committee arranged with
him to make an examination at four o'clock
Friday of his vouchers Before leaving
for home Thursday evening, he told
Hencken that he would not be down early
on Friday and left some blank checks
signed for use in an emergency, He said
he had business in Newark to attend to.
He had a long talk with his wife, the servant
said, after reaching home, and afterwards
put on his hat and coat and went out,
as though he were gong away. Friday
morning cana.
ssMr Schroeder I did not look for till
noon,' said Mr.. Hencken, shut when
noon passed, and one and two o'clock
came, I began to get uneasy. Thought
some accident had hapt ened to him. 1t
was nothing unusual for him to leave me
alone in the morning. but not for all day"
The hour came for the meeting of the
Finance Committee. There was none.
But in the evening the trustees became
suspicious and examined his accounts.
They could not believe anything against
their trusted employee till they discovered
this note in the drawer among his vouchers
JERSEY CRY, Dec. 81. 1886.
Six months after date 1 promise TO pay to the
6ermania Savings Bank thirty thousand and oo,loo
dollars value received. c. III. Il. SCHhoEDEh.
Then they knew what was up, and made
frantic enquiries as to his Whereabouts.
The report he had submitted showed cash
balance of tr1fe over $4,000. Only
40 600 could be found in the Bank vaults.
Mr. Schroeder was under $50. O0O BONDS Tor
the faithful performance of his duties.
Nessrs. Michael Lienau, F. 0. Matthlessen,
z the sugar refner, Mr.. Kunhardt OF the
Hamburg steamship line, and William +.
Schumann were his suretles.
Mr.. Schroeder was not an extravaganza
liver. and he is believed by his friends to
have sunk the banks money in grinding
machine invention in which he became In
terested.
A SUNDAY MORNING News reporter visit
ed the bank yesterday afternoon. On the
closed door he read the legend:
This bank is closed pending application to
tue oAA'''e'''' ava 'D'' MICHAEL LIENAU.
When he rang the heavy-voiced gong,
Policeman Russell drew back the bolt,
and recognizing the News man, admitted
him. Inside the bank building were Iheo-
dore Gubelman, one of the trustees of the
bank. assistant Hencken and lawyer North
rup. who is in the Office of Wallis Ed
wards. the banks solicitors
MR.. GuBELMANs STORY.
Mr.. Gubelman sat down with the report
er. and told how the anticipated meeting
of the Finance Committee or the BANK 8
Trustees was to have been held yesterday
and why it was not, and how 1t precipltateo
the guilty Treasurer's flight.
.Mr Schroeder's annual report, he said
chad been referred by the Board of Trus-
tees to the Financial Committee for lnves-
tication and verifcation. We were to have
met at four o'clock yesterday afternoon.
was on hand: but Senator Edwards was
absent in Trenton, DR.. Kristen Was at
tending to his professional duties and
neither came. I went away leaving word
with Mr.. Henken just where I could be
reached by telephone till late 10 the even
ing. but during the time / was not sum-
moned. 1t had been understood Thursday
afternoon that the Financial Committee
was to have made the examination on Fri
day; and the conviction that he could no
longer conceal his robbery, undoubtedly
kent Schroeder away from the Bank yes
terday. and preciritated his flight"
Senator Edwards and his law partner,
Mr.. Wallis. entered the Bank, while the
reporter was there. They had just come
from Newark where they had been to see